2854 N Illinois St, Indianapolis, IN, 46208
About This Home
Zoned for Up to 5 Units | Garage | Prime Redevelopment Opportunity - Endless Potential! Bring your vision and unlock the possibilities with this blank-slate opportunity. This property is ready for a complete transformation, allowing you to skip much of the demolition and clean-out work and focus on creating value. With zoning that allows up to 5 units , this property offers multiple investment strategies, including multifamily development, a duplex conversion, AirBnB, or a custom renovation project. Property features include: 3rd floor with staircase, detached 2-car garage, convenient location near Ivy Tech and the Children's Museum, surrounded by newly built and recently renovated homes, highlighting the area's continued growth and revitalization. Whether you're an investor, developer, experienced rehabber, or potential homeowner, this is an opportunity to create something special in a nice neighborhood. Property sold AS-IS, needs TLC. Home is currently under construction/rehab conditions so exercise caution and be safe when touring. Adjacent land is not included in the sale. This a completely gutted already existing structure. No primary bedroom exists as there is only framing, the sqft are possible measurements if built and info for bedroom and all other info for listing collected from tax data and info available on MIBOR. It is listed as a single family residence for technical reasons on MIBOR, it can be a home, zoned for a duplex , used as multi family and approved for 5+ units, etc.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Under Construction
- Year built: 1920
Materials
- Foundation: Block,Other
- Construction materials: Vinyl Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: None
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 1
Features
- Attic Access,Attic Stairway
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
- Attic: Access Only,Permanent Stairs
- Finished area below ground: 0
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total structure area: 5,671
- Total interior livable area: 5,671 sqft
Master Bedroom
- Features: Other
- Level: Upper
- Area: 182
- Dimensions: 13x14
Property
Details
- Parcel number: 490626190030000101
- Special condition: As Is,Broker Owned,Fixer Upper
- Horse amenities: None
Features
- Levels: Three Or More
- Exterior features: Fire Pit
- Has view: Yes
- View description: Trees/Woods
Lot
- Lot size: 8,712 sqft
- Features: Curbs,Sidewalks
Parking
- Total spaces: 2
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Tornado
- Cold Wave
- Hail
- Heat Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,036 | $12,432 |
| Home Insurance * | $157 | $1,884 |
| Property Taxes | $365 | $4,380 |
| Electricity | $519 | $6,238 |
| Total | $2,077 | $24,924 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Listed for sale | $205,000 |
| 2020-09-11 | Sold | $145,000 |
| 2020-08-30 | Pending sale | $150,000 |
| 2020-07-24 | Listed for sale | $150,000 |
| 2020-07-24 | Pending sale | $150,000 |
| 2020-07-22 | Listed for sale | $150,000 |
| 2020-02-18 | Listing removed | $145,000 |
| 2020-01-02 | Listed for sale | $145,000 |
| 2019-12-13 | Pending sale | $145,000 |
| 2019-10-29 | Price change | $145,000 |
| 2019-08-20 | Listed for sale | $150,000 |
| 2019-08-12 | Pending sale | $150,000 |
| 2019-01-22 | Price change | $150,000 |
| 2018-05-17 | Listed for sale | $174,900 |
| 2015-07-31 | Sold | $23,500 |
| 2015-03-26 | Listing removed | $34,917 |
| 2014-11-26 | Price change | $34,917 |
| 2014-08-30 | Listed for sale | $39,845 |
| 2012-01-24 | Listing removed | $64,995 |
| 2011-02-24 | Listed for sale | $64,995 |
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